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FINANCIAL NEWS
Etisalat Egypt to invest USD71m in renewable energy
17 Jun 2015
(MENAFN) Etisalat Egypt is set to invest a total of about USD71 million in renewable energy, power generators, systems, in addition to improving batteries’ capacity, according to the company’s Chief Executive, Reuters reported.
The Chief Executive added that the company has already done some maintenance over its existing generators and has increased its reliance over green energy resources to cope with the prevailing energy crisis in Egypt.
Presently, further emphasis over redevelopment and maintenance is being run over, all in hopes of being able to launch Etisalat’s 4G network, once the official license comes out.
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